Lynas Rare Earths (OTCMKTS:LYSCF) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Lynas Rare Earths Limited (OTCMKTS:LYSCF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.81 and traded as high as $14.18. Lynas Rare Earths shares last traded at $13.47, with a volume of 33,570 shares traded.

Analysts Set New Price Targets

Separately, William Blair initiated coverage on shares of Lynas Rare Earths in a research report on Tuesday, January 13th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Lynas Rare Earths currently has a consensus rating of “Buy” and a consensus target price of $17.80.

Lynas Rare Earths Price Performance

The business has a 50-day moving average of $12.13 and a 200 day moving average of $10.81.

About Lynas Rare Earths

Lynas Rare Earths Ltd (OTCMKTS:LYSCF) is an Australian‐headquartered company specializing in the exploration, mining and processing of rare earth elements, which are critical components in the manufacture of high‐performance magnets, catalysts, electronics and renewable energy technologies. The company’s flagship asset is the Mount Weld deposit in Western Australia, renowned for being one of the world’s highest‐grade rare earth deposits. From exploration through to downstream processing, Lynas has built an integrated, end‐to‐end supply model aimed at diversifying global supply chains and reducing reliance on traditional suppliers.

At Mount Weld, Lynas employs conventional open‐pit mining techniques to extract ore that contains neodymium, praseodymium, cerium and lanthanum, among other rare earths.